Instalco divests Expertkyl
Instalco has decided to divest its company Expertkyl in business area West.Expertkyl has been part of Instalco since 2014 and its net sales amounted to approx. SEK 100 million in 2017. The divestment is the outcome of a strategic assessment carried out by Instalco’s Board of Directors of various alternatives for the Expertkyl business, which has exhibited a negative EBITA over the past years. In connection with the divestment, a non-cash write-down of goodwill of approx. SEK 36.7 million will be made, which will impact the result of the first quarter and be treated as an item affecting